Originally Posted by wyogold

I would like to add to that: we all have very high credit scores compared to the average consumer. Citi has a constant need for new accounts with high scores to bump up the mean when they repackage credit card debt into collateralized debt obligations. Higher card average scores means lower risk meaning higher prices. All these accounts literally create value for Citi.

We're part of the ecosystem. We may think we're supersmart for gaming the system but we're just being allowed to so as to provide a function.